https://www.taxtmi.com/caselaws?id=777996 NCLAT held the Resolution Professional was entitled to repossess share certificates and related documents of the corporate debtor's wholly owned subsidiaries, finding the appellant's possession was unlawful and accompanied by mala fide conduct. The RP's duty under Sections 25(2)(a) and 18(1)(f)(v) to take control of assets and ownership-linked documents was affirmed, and the appellant's failure to prove payment of consideration barred retention of the documents. The Adjudicating Authority's exercise of jurisdiction under Sections 60(5), 63, 231 and 238 was upheld. The appeal was dismissed as devoid of merit. en-us Thu, 04 Sep 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777996 NCLAT held the Resolution Professional was entitled to repossess share certificates and related documents of the corporate debtor's wholly owned subsidiaries, finding the appellant's possession was unlawful and accompanied by mala fide conduct. The RP's duty under Sections 25(2)(a) and 18(1)(f)(v) to take control of assets and ownership-linked documents was affirmed, and the appellant's failure to prove payment of consideration barred retention of the documents. The Adjudicating Authority's exercise of jurisdiction under Sections 60(5), 63, 231 and 238 was upheld. The appeal was dismissed as devoid of merit. Case-Laws IBC Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777996